Apr 30, 2022 08:00 AM

Guangdong Meiyan Jixiang Hydropower Co.,Ltd. Posted 1.9 Million Yuan Net Profit in First Quarter of 2022

By Caixin Automation

Guangdong Meiyan Jixiang Hydropower Co.,Ltd. (广东梅雁吉祥水电股份有限公司) (600868.SH) reported a net profit of 1.9 million yuan in the first quarter of 2022, reversing a net loss of 5.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 60.7 million yuan in revenue, up 177.6% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 338.5 million yuan in total liabilities, with a liability-to-asset ratio of 12.3%.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Powerful Quake Strikes Off Japan

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

China Business Uncovered Podcast: Brazil’s ‘Very Chinese Moment’

00:00

00:00/00:00

MOST POPULAR

1: Luckin-Backer Centurium Capital to Buy Blue Bottle Coffee From Nestlé

2: Cover Story: How China’s Growing Gig Economy Has Left a Generation Adrift

3: Two Sessions: With 4.5%-5% Growth Target, China Aims to Create Space for Reform

4: First Tanker Crosses Strait of Hormuz Since Iran’s Closure Threat

5: Two Sessions: China’s 2026 Growth Target in Focus as Range Option Looms

SPONSORED

OR